Omar hired Korte & Wortman for assistance in getting a loan modification for his Spring Hill home. Korte & Wortman was able to get a monthly payment that equaled 39% of the original payment. In addition, they were able to negotiate a substantial principal reduction as well.

The Result:

Original Payment: $3,603.

New Payment: $1,703.

PRINCIPAL REDUCTION: $364,258

SAVINGS: $1,900/month

Nadia hired Korte & Wortman for assistance in getting a loan modification that would make her Plantation home more affordable. Not only was Korte & Wortman able to get a much more affordable payment, they were able to negotiate a substantial principal reduction as well.

The Result:

Original payment: $2,200.

New payment: $1,090 at an interest rate reduced by 4.65 percent.

PRINCIPAL REDUCTION: $138,587

SAVINGS: $1,110/month

Norman hired Korte & Wortman to negotiate a loan modification on his Lauderdale Lakes home. In just two months, the firm worked out a 50 percent reduction in payments and a lower interest rate.

The Result:

Original Loan Balance: $140,000

One Payment: $40,000

SAVINGS: $100,000

A best-case solution for Mimose of Coral Springs was the settlement obtained after hiring Korte & Wortman. The firm negotiated a settlement with the bank that enabled her to own her investment property outright.

Korte & Wortman got the bank to take a lump sum of $40,000 on the balance of $140,000. She owns the house free and clear and saved more than 70 percent on the principal balance.

The Result:

Old Payment: $869

New Payment: $387

Principal reduced: $111,707

SAVINGS: $482 per month

Melanie, Pembroke Pines

The Result:

Old Payment: $2,620

New Payment: $1.179

Principal reduced: $110,918

SAVINGS: $1,441 per month

The Result:

Old Payment: $3,268

New Payment: $1,507

Principal reduced: $295,359

SAVINGS: $1,761 per month

The Result:

New payment $502.61.

PRINCIPAL REDUCTION: $165,000.

The Result:

Original payment $908.51.

New payment $422.30.

PRINCIPAL REDUCTION: $32,00

SAVINGS: $386.21/month

The Result:

Original payment $1,455.70.

New payment $553.21.

PRINCIPAL REDUCTION: $112.500.

SAVINGS: $902.49/month

The Result:

Original payment $4,663.15.

New payment $2,821.75.

SAVINGS: $1,841.40/savings

The Result:

Original payment $1,413.92.

New payment $649.51.

Principal reduction: $73,300.

SAVINGS: $764.41/month

The Result:

Original payment $1.512.

New payment $862.62.

Principal reduction: $162,806.

SAVINGS: $649.38/month

The Result:

Original payment $1,250.00.

New payment $677.82.

Principal reduction: $113,244.

SAVINGS: $572.18/month

The Result:

Original payment $1336.

New payment $871at an interest rate reduced by 5.88 percent.

SAVINGS: $465/month

The Result:

Original payment $1580.

New payment $823 at an interest rate reduced by 5.04 percent.

PRINCIPAL REDUCTION: $97,000

SAVINGS: $757/month

The Result:

Original payment $1360.

New payment $1079.

SAVINGS: $281/month

The Result:

Original payment $1691.

New payment $1221.

PRINCIPAL REDUCTION: $160,732

SAVINGS: $470/month

The Result:

Original payment $995.

New payment $947.

SAVINGS: $48/month

The Result:

Original payment $4,241.

New payment $1,243.

PRINCIPAL REDUCTION: $334,354

SAVINGS: $2,998/month

The Result:

Original payment $2,119.

New payment $1,457.

PRINCIPAL REDUCTION: $150,000

SAVINGS: $662/month

The Result:

Original payment: 1,154.

New payment: $576.

PRINCIPAL REDUCTION: $166,171

SAVINGS: $578/month

Lorenzo of Port St. Lucie sought a loan modification for his investment property. Although its very rare that a bank agrees to modify a loan on a non-homestead property, Korte & Wortman secured not one but two loan modification offers from the bank, reducing his monthly payment by more than half and cutting his principal by $166,171.

The Results:

Original payment: $2,046.

New payment: $1,452 at an interest rate reduced by 5.20 percent.

SAVINGS: $594/month

Jeanette, a senior living on a fixed income in Cooper City, watched her mortgage payments spiral out of reach once the initial fixed period expired. She and her sons had tried to get a loan modification from her bank for more than three years, to no avail.

After hiring Korte & Wortman, the firm was successful in securing a loan modification with an affordable payment that knocked $594 off her bill each month.